from INTER PARFUMS (EPA:ITP)
2024: Another year of growth. Annual sales: €880m (+10%)
2024: Another year of growth
Annual sales: €880m (+10%)
With quarterly sales once again exceeding €200m, Interparfums 2024 sales by region achieved its objectives for the year: 2024 sales came to €880.5m,
€m Q4 FY Change up 10.3% from 2023 at current and constant exchange rates.
This performance reflects continuing strong demand for the 2023 2024 2023 2024 24/23 portfolio’s top-selling brands and an extremely positive first Africa 0.7 1.4 4.9 6.1 +25% year for Lacoste fragrances. Asia 26.3 25.3 116.0 125.3 +8%
2024 sales by brand Eastern Europe 18.3 21.5 70.2 76.1 +8%
France 11.2 14.4 43.2 55.5 +28%
€m Q4 FY Change
Middle East 10.8 11.2 50.7 55.3 +9%
2023 2024 2023 2024 24/23
North America 86.0 84.5 322.8 332.2 +3%
Jimmy Choo 51.0 56.3 210.0 224.3 +7%
South America 14.5 14.2 66.2 74.9 +13%
Montblanc 43.5 40.8 205.6 203.4 -1%
Western Europe 20.0 27.8 124.5 155.4 +25%
Coach 47.6 43.1 187.4 182.0 -3%
Total sales 187.8 200.3 798.5 880.5 +10.3%
Lacoste - 15.2 - 78.7 na
Lanvin 10.8 11.2 48.3 45.5 -6% In North America, following the very brisk acceleration in sales Rochas 9.9 11.1 41.0 41.9 +2% in recent years (+27% in 2022 and +13% in 2023) driven by
Other 25.0 22.6 106.2 104.7 ns several highly successful launches for the Jimmy Choo and
Coach lines in particular, momentum remained positive in
Total sales 187.8 200.3 798.5 880.5 +10.3%
2024 with sales of more than €332m in a consistently buoyant
ns: not significant – na : not applicable fragrance market, especially in the United States;
In the wake of a 29% upswing in sales in 2023, the positive
Following 16% growth in 2023, Jimmy Choo fragrances trend continued in South America with 13% growth in 2024, recorded a new rise in sales of nearly 7% in 2024, with bolstered by the takeover of Lacoste fragrance distribution continuing brand development initiatives thanks in particular and the strength of Montblanc fragrances; to the successful launch of the I Want Choo Le Parfum line, While some Asian markets are currently experiencing a period of introduced last June; consolidation after three years of very solid growth (Australia),
With sales of more than €200m again over the year, or appear less dynamic (South Korea), the overall trend remained Montblanc fragrances are consolidating their positions positive in Singapore and Japan, as well as in China (+18%); based on the strength of the Montblanc Legend and Montblanc After a challenging first half in Eastern Europe, resumption of
Explorer lines; shipments in certain markets, good performance by top-selling
Meanwhile, after a sharp increase in sales in 2023, sustained brands and the takeover of Lacoste fragrance distribution demand for virtually all established Coach women’s and men’s prompted a return to growth in 2024; lines also helped consolidate 2024 gains in the run-up to two A 40% increase in sales in H2 2024 made for growth of nearly significant new flankers to be launched in 2025; 25% in Western Europe for the full year, driven by the launch of
Lacoste fragrances achieved sales of nearly €80m in 2024, the Jimmy Choo I Want Choo Le Parfum and Lacoste Original lines; well above expectations at the beginning of the year, and Sales in France exceeded expectations primarily due to the enjoyed a highly promising first year of operations thanks excellent performance of the Rochas and Jimmy Choo brands, to the solid performance of the L.12.12 lines and the further heightened by the remarkable contribution from the successful launch of the Lacoste Original line both in France distribution of Lacoste fragrances and the mid-year launch of and abroad; the Lacoste Original line;
A return to normal business levels in Eastern Europe and Asia Finally, in the Middle East, despite the continuing impact of in H2 helped Lanvin fragrances curb the decline in sales in a ongoing conflicts and a reduction in the number of points of year with no major launches; sale in several markets, performance remained positive thanks
Rochas fragrances showed modest growth, driven by the to Montblanc, Jimmy Choo and Lacoste fragrances.
good results of the Citron Soleil and Orange Horizon lines, the
first two compositions in a collection inspired by the Eau de Van Cleef & Arpels license agreement
Rochas line. The contract signed with Van Cleef & Arpels in 2024 gave rise to
a new license agreement concluded on December 20, 2024 for a period of nine years, until December 31, 2033.
Paris, January 23, 2025
Philippe Benacin, Chairman and CEO, commented: “W e once again achieved impressive performance for our main brands in 2024. Meanwhile, the Lacoste distribution takeover was an undeniable success, as was the relaunch initiative, which confirmed both the great potential of the brand and its capacity to stand out as a leader in the portfolio. Although the geopolitical and economic context continues to limit visibility, the quality and creativity of our 2025 launch plan, based on prominent Jimmy Choo, Montblanc, Coach and Lacoste fragrance lines, as well as Rochas, hold out the promise of a new year of growth in sales and earnings. ”
Philippe Santi, Executive Vice President, added: “ Calibrated price increases at the start of 2022 and 2023 made it possible for us to maintain our gross margin levels amid inflationary pressure. Limiting such increases in early 2024 further allowed us to sustain the growth in sales volumes achieved the previous year. Considering our consistent efforts to maintain tight control over all expenses, especially marketing and advertising, 2024 operating margin could well reach 20%. ”
Interparfums This press release is available 10 rue de Solférino in French and English
75007 Paris on the company’s website Tel. +33 (0)1 53 77 00 00 interparfums-finance.fr
Upcoming events
Publication of 2024 results February 26, 2025
(before the opening of Paris – Euronext Stock Exchange)
2025 Annual General Meeting April 17, 2025
(Pavillon d’Armenonville – Paris)
Publication of Q1 2025 sales April 24, 2025
(before the opening of Paris – Euronext Stock Exchange)
Investor Relations and Analysts Contact
Philippe Santi Executive Vice President psanti@interparfums.fr
Press contact
Cyril Levy-Pey Communication Director clevypey@interparfums.fr
ISIN : FR0004024222-ITP
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